Shiba Inu Market Stagnation Signals Sell Intent
- Exchange Reserves Surge: Shiba Inu's reserves on exchanges have climbed to approximately 81.5 trillion SHIB, indicating a significant increase in supply that could lead to market imbalance and affect price movements.
- Active Capital Flows: Net inflows to exchanges have risen by nearly 6%, with roughly 400 billion SHIB entering exchanges in a short period, signaling increased sell intent among market participants, which may lead to further price declines.
- Holder Repositioning: Both average inflow and outflow metrics are elevated, indicating active repositioning by holders who are rotating capital or hedging rather than passively accumulating, suggesting a cautious market sentiment.
- Weak Price Structure: Currently trading around 0.000006128, down 3.35% in the last 24 hours, Shiba Inu is positioned below its 50-day exponential moving average, lacking upward pressure and showing a directionless market structure.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000497 | 0.00000536 | 0.00000571 | 0.0000061 | 0.00000645 | 0.00000684 | 0.00000719 |
| Fibonacci | 0.00000536 | 0.00000564 | 0.00000581 | 0.0000061 | 0.00000638 | 0.00000655 | 0.00000684 |
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